Medical Properties Trust (NYSE:MPW) Sets New 1-Year Low at $7.86

Medical Properties Trust, Inc. (NYSE:MPW – Get Rating)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.86 and last traded at $7.98, with a volume of 4461509 shares traded. The stock had previously closed at $8.52.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MPW shares. StockNews.com started coverage on Medical Properties Trust in a report on Thursday. They set a “hold” rating on the stock. KeyCorp cut their price target on Medical Properties Trust from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, January 19th. Bank of America downgraded Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Thursday. Barclays dropped their price objective on Medical Properties Trust from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. Finally, JPMorgan Chase & Co. lowered their target price on Medical Properties Trust from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 3rd. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Hold” and an average target price of $14.82.

Medical Properties Trust Stock Performance

The business’s fifty day simple moving average is $11.80 and its 200-day simple moving average is $12.04. The firm has a market cap of $4.79 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.19.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 16th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 14.48%. Medical Properties Trust’s dividend payout ratio is presently 77.33%.

Hedge Funds Weigh In On Medical Properties Trust

A number of hedge funds have recently modified their holdings of MPW. HighTower Advisors LLC raised its stake in shares of Medical Properties Trust by 8.2% in the first quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust’s stock valued at $1,755,000 after acquiring an additional 6,318 shares during the period. AlphaCrest Capital Management LLC raised its position in Medical Properties Trust by 147.1% during the 1st quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 12,761 shares during the last quarter. Raymond James Trust N.A. raised its position in Medical Properties Trust by 15.4% during the 1st quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 5,046 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Medical Properties Trust by 11.3% during the 1st quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 3,922 shares during the period. Finally, Sei Investments Co. grew its stake in Medical Properties Trust by 43.9% in the 1st quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust’s stock valued at $17,067,000 after acquiring an additional 246,411 shares during the period. 80.31% of the stock is currently owned by institutional investors.

Medical Properties Trust Company Profile

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Medical Properties Trust, Inc is a self-advised real estate investment trust, engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals, long-term acute care hospitals, ambulatory surgery centers, hospitals for women and children, regional and community hospitals, medical office buildings, and other single-discipline facilities.